Toll Brothers and Tri Pointe JV for Evergrove

Toll Brothers and Tri Pointe Homes are entering a joint venture to develop Evergrove, a master-planned community in Richmond, Texas with 1,655 houses. The project covers 911 acres in Fort Bend County along Jones Creek near FM 723.

The builders will split single-family homes nearly equally, with each responsible for about 827 homes. Homesites are designed to range from 45 feet to 80 feet in width, with Toll Brothers floor plans from 1,884 to 6,145 square feet and Tri Pointe designs from 2,120 to 5,350 square feet.

Pricing is expected to begin in the $400,000s and scale to over $1 million. Presales are scheduled to open in June, with first move-ins projected for Q1 next year and completion of the first phase anticipated by Q2 2027.